NASDAQ:MRVL - Marvell Technology Group Stock Price, News, & Analysis

Marvell Technology Group trades on the NASDAQ under the ticker symbol "MRVL."

Marvell Technology Group declared a quarterly dividend on Friday, March 15th. Investors of record on Wednesday, April 3rd will be given a dividend of $0.06 per share on Wednesday, April 24th. This represents a $0.24 annualized dividend and a yield of 0.96%. The ex-dividend date of this dividend is Tuesday, April 2nd. View Marvell Technology Group's Dividend History.

Marvell Technology Group declared that its Board of Directors has authorized a stock buyback program on Tuesday, October 16th 2018, which authorizes the company to repurchase $1,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to repurchase up to 7.9% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company's leadership believes its shares are undervalued.

Marvell Technology Group Ltd. (NASDAQ:MRVL) issued its earnings results on Thursday, March, 7th. The semiconductor company reported $0.17 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.19 by $0.02. The semiconductor company had revenue of $744.80 million for the quarter, compared to analyst estimates of $739.88 million. Marvell Technology Group had a negative net margin of 6.25% and a positive return on equity of 7.95%. During the same period last year, the company earned $0.32 EPS. View Marvell Technology Group's Earnings History.

Marvell Technology Group is scheduled to release their next quarterly earnings announcement on Thursday, May 30th 2019. View Earnings Estimates for Marvell Technology Group.

Marvell Technology Group issued an update on its first quarter 2020 earnings guidance on Thursday, March, 7th. The company provided EPS guidance of $0.12-0.16 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.23. The company issued revenue guidance of $630.5-669.5 million, compared to the consensus revenue estimate of $718.16 million.

18 analysts have issued twelve-month target prices for Marvell Technology Group's shares. Their forecasts range from $21.00 to $30.00. On average, they expect Marvell Technology Group's stock price to reach $25.1053 in the next year. This suggests a possible upside of 0.2% from the stock's current price. View Analyst Price Targets for Marvell Technology Group.

18 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Marvell Technology Group in the last year. There are currently 2 hold ratings and 16 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Marvell Technology Group.

News headlines about MRVL stock have trended positive recently, according to InfoTrie Sentiment. The research group identifies negative and positive press coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Marvell Technology Group earned a news sentiment score of 2.7 on InfoTrie's scale. They also assigned media stories about the semiconductor company a news buzz of 1.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the company's share price in the near future.

Marvell Technology Group saw a increase in short interest in March. As of March 29th, there was short interest totalling 34,344,169 shares, an increase of 6.5% from the March 15th total of 32,261,636 shares. Based on an average daily trading volume, of 10,231,476 shares, the days-to-cover ratio is currently 3.4 days. Currently, 5.5% of the company's shares are short sold. View Marvell Technology Group's Current Options Chain.

Some companies that are related to Marvell Technology Group include Micron Technology (MU), Analog Devices (ADI), Applied Materials (AMAT), Xilinx (XLNX), NXP Semiconductors (NXPI), Advanced Micro Devices (AMD), Infineon Technologies (IFNNY), TOKYO ELECTRON/ADR (TOELY), Microchip Technology (MCHP), Kyocera (KYOCY), Maxim Integrated Products (MXIM), STMicroelectronics (STM), Skyworks Solutions (SWKS), ASE Technology (ASX) and IPG Photonics (IPGP).

Based on aggregate information from My MarketBeat watchlists, some companies that other Marvell Technology Group investors own include Micron Technology (MU), NVIDIA (NVDA), Intel (INTC), Advanced Micro Devices (AMD), Cisco Systems (CSCO), Alibaba Group (BABA), Bank of America (BAC), QUALCOMM (QCOM), Applied Materials (AMAT) and Netflix (NFLX).

Marvell Technology Group's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include Strs Ohio (0.28%), Columbus Circle Investors (0.08%), Calamos Advisors LLC (0.03%), Barometer Capital Management Inc. (0.03%), Gulf International Bank UK Ltd (0.02%) and Deroy & Devereaux Private Investment Counsel Inc. (0.02%). Company insiders that own Marvell Technology Group stock include Jean X Hu, Marvell Semiconductor, Inc Ca, Matthew J Murphy, Michael G Strachan, Mitchell Gaynor, Sehat Sutardja and Syed Ali. View Institutional Ownership Trends for Marvell Technology Group.

MRVL stock was sold by a variety of institutional investors in the last quarter, including Nisa Investment Advisors LLC, Winfield Associates Inc., Regent Investment Management LLC, Harel Insurance Investments & Financial Services Ltd., State of Alaska Department of Revenue, Flagship Harbor Advisors LLC and Deroy & Devereaux Private Investment Counsel Inc.. Company insiders that have sold Marvell Technology Group company stock in the last year include Marvell Semiconductor, Inc Ca, Matthew J Murphy, Mitchell Gaynor and Syed Ali. View Insider Buying and Selling for Marvell Technology Group.

MRVL stock was acquired by a variety of institutional investors in the last quarter, including Columbus Circle Investors, Strs Ohio, Calamos Advisors LLC, Barometer Capital Management Inc., Quantitative Systematic Strategies LLC, Selz Capital LLC, Landsberg Bennett & Dubbaneh LLC and XR Securities LLC. Company insiders that have bought Marvell Technology Group stock in the last two years include Jean X Hu and Michael G Strachan. View Insider Buying and Selling for Marvell Technology Group.

Shares of MRVL can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of MRVL stock can currently be purchased for approximately $25.05.

Marvell Technology Group has a market capitalization of $16.51 billion and generates $2.87 billion in revenue each year. The semiconductor company earns $-179,090,000.00 in net income (profit) each year or $0.85 on an earnings per share basis. Marvell Technology Group employs 5,275 workers across the globe.

The official website for Marvell Technology Group is http://www.marvell.com.

Marvell Technology Group's mailing address is 22 VICTORIA STREET, HAMILTON D0, HM 12. The semiconductor company can be reached via phone at 441-296-6395 or via email at [email protected]